About your Search

20131028
20131105
Search Results 0 to 49 of about 75 (some duplicates have been removed)
now on the earned income tax credit. a recent report from the treasury department director general found that part of the eit see amos last year should never have been made. we will show you as much of this as we can before the white house daily briefing which is scheduled to begin shortly. host: we're going to be focusing on a program that offers tax low income earners from thees. a report treasury department specifically looked at the program. joining us on the phone is michael mckinney. he is with the treasury inspector general for tax equation. he serves as the deputy ig for audits. guest:ep for joining us. -- guest: sure. host: what was the intent of this report? guest: we are required to review this process for reducing improper payments. the iris issues a report to us and with 120 days we issue a report. the earned income tax credit is really the largest program it has where they make taxpayers. that is the program we assess. host: you specifically looked at tax credits put out in 2012. what have you found out? guest: one of the main provisions in the executive requiredthe a
justhe tax turned 100 and it looks every day its age. it is a broken, in efficient mass. -- mess. it is time to bring it into the 21st century. i'm committed to tax reform. and loopholesffs for us to close in the meantime without jeopardizing the goals of comprehensive tax reform. my hope is that this conference and put our feet in both can't , for tax reform and against tax ripoffs. --ood place to start incentives that push companies to move jobs overseas. second is medicare. the future for medicare is better care at lower cost. 965.s very different than 1 chronic disease, cancer, problems --d other current government rules and practices impede our efforts to deliver to these seniors. we are working on a bipartisan proposal to address these issues. we look forward to working with the conference on these issues. there is a better way, colleagues. is there-- my view parity between defense and nondefense. the rule of the whole -- theration debate rules were that you are going to cut defense and nondefense equally. to change those rules in the middle of this debate would be a very s
budget cuts be replaced. democrats suggested that through closing tax loop l holes while republicans focused on the cost of entitlement programs. this is two and a half hours. >> good morning, this budget committee hear will come to order. welcome to the committee members. the tradition in the committee is that the body hands the gavel over. that's what this is to the new chair, so i am very proud to open this up and following the tradition of the conference committee, it's my pleasure to hand this gavel over to my -- >> thank you. i'll put this somewhere else. thank you very much. welcome, everybody. i see all house members are here, and, well -- [laughter] today we're considering the concurrent resolution and begin with opening statementings, and i recognize myself and senator murray. confer reis are recognized between house and senate, and recognized in order of seniority between majority and minority. the remaining senators will alternate. due to the large number, each statement is limited to five minutes, there is no early bird rule. ab sent member is recognized in the next avai
of obamacare under congress' general taxing power. the court noted specifically that, quote, even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. mr. speaker, i want to read that one more time. even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, a
as sequestration be replaced. democrats suggested that you posing with acs tax loopholes while republicans focused focus on the cost of entitlement programs. this is 2.5 hours. >> good morning. this budget committee will come to order and welcome to all of our committee hearings and committee members, the tradition in the committee is the body the last chaired it hands the gavel over and that apparently is what this is, to the new chair. so i am very proud to open this up and follow the tradition of this committee and it is my pleasure to hand this big gavel over to my colleagues. >> it looks like a keeper. [laughter] >> thank you, i will put this somewhere else. >> thank you, chairman. welcome, everyone. i feel the house members are here. and today we are considering the resolution on the budget in the house amendment and we will begin with opening statements and i will recognize myself in and senator patty murray. each house will be recognized in the order of seniority alternating between minority and majority and since there are more from the senate and the house, asked her if they have made t
for income tax purposes, the court would disregard it because this is s-corporation? >> it may well be. the fact it is an s-corporation even though it means there is this corporate forum, the net result of income and loss of penalty goes on frank and phil gilardi's income tax returns, part of schedule k. >> a complete pass through? >> yes. >> that is true of limited liabilitied corporations and associations? >> i think we deal with a you blah that impinges on fundamental first amendment freedoms the supreme court said we don't allow form to triumph over substance that. is what we're talking here. >> i think what lee says, if you're in the commercial, if you're in the commercial market you have to give up some for the greater good. >> i agree judge, it does say that but what we say that is part of the -- >> congress had some exemptions as well. >> nothing like in -- >> that is your take. you're saying the exemptions here are so overwhelming, so large in their number that you should win, i don't see you can't possibly get around lee. because lee had exemptions and the court gave it the b
are available to them, including tax credits that are available to .hem we will continue that effort, including with the new resident remarks tonight. >> this week, there will be talks on iran's nuclear program in you jeanie buss. -- in geneva. what you expect from these talks? >> i would say a couple of things. as the president has said, the history of mistrust between the united states and the islamic republic of iran is deep and it will not be erased overnight. is nott we are doing now about trust. we are engaged in serious and substantive negotiations, but offering the possibility that we can stop the advancement of these nuclear activities. resolve the international community's concerns about the nuclear program in iran. our goal is to achieve a verifiable agreement that does not allow iran to obtain a nuclear weapon. and we have said the window is open for us to pursue this option. goal of notur allowing iran to possess a nuclear weapon, and i'm going to aggressively pursue that while the window is open, but it will not remain open indefinitely. we are going into this with eyes wide open,
with a blue cross silver atmo plan with tax credits, in that case, instead of $800 a month, it's $77 a month. and let me refer you to the interview on "meet the press" with the blue cross florida ceo. he was asked by david gregory, in florida, the oldest and largest health care plan provider, florida blue cross, confirmed it is cutting 300,000 policies. and this is what the chairman of blue cross of florida said, "we're not cutting people, and i quote, we're actually transitioning people. what we've been doing is informing folks that their plan doesn't meet the test of the essential health benefits. therefore, they have a choice of many options that we make available through the exchange, and, in fact, with subsidy, many people will be getting better plans at a lesser cost." so this has become a matter of legitimate discussion, and i think all of us would appreciate your addressing it. >> sir, again, going back to prior to the affordable care act days, these individuals in a small group or individual market had no protections. they had no guarantees of coverage, and they were still being cha
. about anlking opportunity society, talking about low tax rates, trying to help everyone be there yes and america. coming from where i came from, it resonated a little bit. i've got 11 brothers and sisters and my dad owned a bar, i've got brothers and sisters on every rung of the economic ladder and the idea of an opportunity society is to i was. of the 1970s and ,980s, these two people especially during the 1970s, by the end of the 1970s, i was a republican -- i have a ronald reagan bumper sticker on a 1980 in the primary, sorry jeb, [laughter] in 1980 eight, i found myself in manchester, new hampshire, joe and, if you will recall and in february of 1988, a lowly state rep, business guy go to manchester, new hampshire to help my buddy jack kemp. with jackhis dinner and joanne and a bunch of these really big-time congressman. the next day, i got my assignment to go knock on doors and i was assigned to go to the city dump. i thought what the hell is this? i went to the dump because in manchester, new hampshire, you up, yout garbage picked go to the dump. i stood in the dump, called a c
as don usha leyla and the head of the cleveland clinic and tax six message -- texas medical center live at 3:00 eastern on c-span three. this evening, a look at the economic impact of the two thousand eight financial crisis with former top economic advisers from the past three administrations. monitoringll will be -- moderating. >> at the beginning of the 2009 year a sense of missed opportunity. the fiscal stimulus was needed. i wonder if a different kind of stimulus with some of the changes that larry hinted at, dropping high-speed rail and energy might have gotten bipartisan support. they say no republicans will oppose anything they suggest but back in 2009 many people were really hoping this would be the guy bringing us together. i am not blaming one fault -- side or another. to me, the question is could a different set of choices rocked the world together? critical of some of the more classically democratic parts of the recovery program. but i was there. the senate minority leader said the basic purpose of his minority leadership was to make sure the senate was not reelect it. i thi
, in a balanced way. we've heard from senators about the need to modernize the tax code and move toward real tax reform. while the committee can't get it done. we can move in that direction in a substantial way. making a modest cut of only 5% of the trillion dollars a year we spend through the tax code would make huge dent in the deficit. lastly, we have to don't make some reduction in direct spending. although i know that's the area taken the hardest hit. i'll insist on doing in a way that put a circle of production around around the most vulnerable and honoring our promises to seniors, veterans, and about to retirement to protect them from cuts. chairman rhode island i know, chairman muir ray. i'm glad we have come together. we need focus not on the area of disagreement but priority we share. reducing the deficit, and ensuring our long-term prosperity. thank you. >> thank you. i've learn something. i know, you refer to yourself as delaware begans. senator ayotte. >> thank you, mr. chairman. i want to thank you and thank chairman murray for your leadership and everyone at the table who is comi
. that's number one. number two, we need tax reform, in my view, tax reform that brings down the top corporate rates to something more closely aligned with every other developed nation in the world, and at the same time that we're doing that to generate some revenues for deficit reduction, to match what we're doing on the spending side. if you think about it, as the senator from ohio knows, the senator from west virginia knows, tax expenditures, tax breaks, tax credits, tax deductions, tax loopholes, tax gap adds up over the next ten years to anywhere from $10 trillion to $15 trillion. we're going to spend more money out of the treasury for tax expenditures than we're going to spend in all our appropriations bills combined. if we could capture 5% of $12 trillion over ten years for deficit reduction, that's $600 billion. if we could match that in like a bowles-simpson number, we could do about another $2 billion on deficit reduction on top of what we've already done. is that a grand compromise that i want and i think the senator from ohio wants and i know the senator from west virgini
to pass the immigration bill, reform the tax code, and replace across-the-board spending cuts none of sequestration. introduced by commerce secretary this is a half-hour. >> the first-ever select u.s.a. senate meeting. as you may have heard, we are sold out with 1200 attendees. business leaders from 58 countries and across the united states are here today. a warm welcome to all of you from all of us in the obama administration. let me be clear -- [applause] let me be clear, this summit is about you. it is all about business. it is all about connecting investors with communities. let me start with the story. when the select usa program was just starting out, an austrian company that makes auto parts was considering investing more in the united states. we went into action. the commerce department's vienna staff counsel the company on how to successfully established a new plan in the united states. the u.s. ambassador in austria met with the company's leaders. we connected a company with the state-level leaders that they wanted to me to. as a result, over the past year, the company ha
so our financial system works better for consumers and investors, and locking in lower taxes for 98% of all americans. and lowering baferiers so entrepreneurs and -- barriers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. o
surpluses to deficits almost overnight. he tax cuts remained in effect. i think you're right, there should have been some revisiting of those tax cuts that were in effect, but the tax cuts allowed us to avoid a major recession back in 2001. host: you bring up deficits. how much motivation is there right now to get a grand deal done whether it's in this effort or future effort with u.s. just having posted its lowest deficits in 2008, is it? guest: we ended up the fiscal year that just ended, fiscal $6802013 with a deficit of billion. i believe the figure was, and that was a significant of 30%, 40% reduction of the previous year of $1.1 trillion. and the immediate effect, is it taking pressure off and things are improving. things are improving in the near term. part of the reason why the deficit came down so significantly, receive news wept up 13% and spending wept down 2% last year. the combination of those two resulted in the deficit coming down. the difficulty is that while that's a good sign in the near term, all projections because of the demographics are going forward, all projections
be asked to pay a little bit more in taxes. maybe we might want to end all of the corporate loopholes that currently exist. again, that's not bernie sanders. january 29, 2013, poll by hart research associates. 66% of the american people believe the wealthiest 2% should pay more in taxes, and 64% of the american people believe that large corporations should pay more in taxes than they do today. well, guess what? the american people have given us a solution to the major crises facing the american people. they will want to invest in our economy, they will want to create jobs, they want to ask the wealthy and large corporations to pay more in taxes. they do not want to cut social security, medicare and medicaid. that's the real world. then you come back to washington. what are people saying? let's cut social security, medicare and medicaid, let's not invest in our infrastructure and create jobs, and in fact let's give more tax breaks to the wealthy and large corporations. so this is an alice in wonderland world. the american people are saying one thing and the lobbyists around here and ma
. it is poured to understand if she is eligible for tax credit because that affects the price you would pay. >> can she find out the cost of the plan without finding out -- without signing up? interested innot the tax credit and you just want to know what rates are available, we have on the website the ability -- availability to do that. quest website is not working. >> this is on the front end. what is not working are some of the pieces inside the application. interested int rates in our market, that is available through the website. there is also the ability, and we have a link to that on the website, to use kaiser site which also allows them, if they believe they are eligible to task credits, to go in and simulate what that would look like. interested int test credits and they just want to know what is available to them, and i have several friends available to me, i just want to see what rates on individual margaret -- they have decided to do that. quest they do not. quest your positive? >> i am positive. >> is in the person on the phone with my constituent who is trying to find out if t
too much. about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now $17 trillion
act. they don't like the fees and taxes on the industry. customers.he new they are lobbying to stop some of the feed but there's a mixed of the companies in health care. >> the los angeles times put out story taking a look at the cases in insurance and some cases in headlines. they're going get pricier as the out.rolls how -- if people are taking in the health insurance companies are health hem in, insurance companies changing how the policies for members because affordable care act. >> let's talk about something hat's happening to hundreds of thousands of people in small groups and individual markets. they currently have policies hat might no offer the same comprehensiveness of coverage that the affordable care act has. essential health care.its, majority they're getting notices from the insurers that they will not meet the standard starting january 1. this is the story too. my colleagues broke. it's gotten a lot of attention the press this week. what's happening is insurers are reaching out to those policy coveragend saying this is no longer adequate. you can enroll in a different
were able to provide housing credit assistance. and that tax credit assistance and the tax credit change was a way to offset declining investors interested in housing tax credits. and that was done by some of my democratic colleagues, and i wanted to thank your office for working with us on that. >> thank you. >> thank you and they give back. >> that your number again is the gentleman from wisconsin to mr. duffy, for five minutes. >> thank you, mr. chairman. i want to be clear at the outset that fha has been very helpful in a lot of -- from a lot of my constituents first-time homebuyers, low-income home buyers, to achieve the american dream of homeownership. it has been incredibly helpful for them, so i don't want to underestimate how important the program has been for people who live in central and northern wisconsin. it's been a very helpful program. i think you picked up a little bit of concern on our side of the aisle, and i think our frustration here is that, is that whenever we have testimony, we continually bring up concerns about the capital reserve ratio. it hasn't been m
money, there's a tax write off, not much, but a little, and us and a center for reporting out there fill the gap, but i do think that overall, our media landscape is being driven increasingly by the news of the moment, celebrity news, political news, real news, and there's a lot less time and energy, resources available for doing deep dives or looking at things not in the immediate spotlight in front of us as were all on our twit of-like hamster wheel. >> host: viewers have questions or comments, the bureau chief, the lines are open this morning. republicans call 202-a 85-3 # 88 is. democrats 202-585-3880. independents, 202-585-3882. we'll talk to him for about the next 40 minutes or so on the "washington journal," and as we lay out the lines, i want to talk to you about how you prefer to describe your magazine. is it progressive? is liberal the term? what do you say to folks who call your magazine as listed on here frequently asked questions page left pinko rag? >> they are wrong. i mean, we are a progressive-driven organization. you know, and i, the way i look at it is i tend to see ou
gdp compared to other advanced economies. our code is also full of special interest tax breaks and loopholes while hurting others that are investing in the united states. we can do better. and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs
revenue code and under the internal revenue code at least for income tax purposes the court would disregard it because this is a -- [inaudible] >> it may well be and it's an s corp. even though there's this corporate form the next result of the penalties goes on frank and phil gilardi separate income tax returns on a schedule came out. exactly. >> that's true for limited liability party. >> i think when we are dealing with a law that impinges upon fundamental first amendment freedoms the supreme court has taught we don't allow for him to triumph over substance and that is what we are arguing here. >> is that what lee says? if you are in the commercial market you have to give up some for the greater good. >> it does say that but what we say is that's part of the strict scrutiny. >> congress has some exemptions as well. >> that is your case. you are saying the exemptions are so overwhelming, so large in their number because you can't possibly get around lead. lee had exemptions in the court gave at the back of the hand. they said of course congress can make those decisions. that is
close senator blunt i want to thank you for being a cosponsor of the start-up innovation tax credit, something senator rubio and senator schumer and stabenow as well as senator moran have cosponsored and introduced and discussed over time. it would help with access to capital for early stage start-up manufacturers. there are a lot of things we can discuss going forward but for today i am grateful for your leadership with senator brown on this bill that would help strengthen the national network of manufacturing innovation centers. you are a strong leader for manufacturing in your home state of missouri, and i'm grateful for a chance to spend some time with you on the floor today discussing that good bill and your good ideas. mr. blunt: let me talk about the start-up act we've worked on, i think you mentioned all the cosponsors of that, senator rubio, senator stabenow, senator mccain, senator schumer and enzi and what that does is try to extend the opportunity of research and development to start-up businesses. the way the tax credit works if you're -- you can deduct those costs from
over wasting tax payers funds can only be explained by the fact that the leadership of the va is flawed. until the stagnant attitude at the very top are laminated, we hope to eliminate the problems plaguing the va. that in the end are hurting our veterans the most. so let me ask you this. i'm new to congress. i was a taxpayer, worked in the service. served my country into wars. nic the irs, epa, energy department and now the va wasting taxpayers money. what do you think i should do? what can i do to stop that from happening? because what i think of a break to fire you all and start over. but reality as it got to work with you. how am i going to get improvements, 100% improvements? at 100% improvement to gonzales sought is 30% improvement over the last 30 years. do i have to wait until 2083 to get 100% for the va clinics >> congressman, i believe that the department is working and we plan to work faster than that. >> i've heard that for 30 years. actions speak better than words. what are you going to do tomorrow to eliminate that backlog, to get it done? that backlog is the same backlog
, taxes, and jobs. and that sense he probably made the republican position stronger. think about it within the party. you look at if say you don't like it much either. i think unless it become a personal civil war and the comment that senator cruz made yesterday if they do that they accomplish something. if they don't do that they accomplish nothing. >> one of the questions i 4 maybe for david and bob was that it was dick cheney who said that deficits don't matter. and the republican party had two wings on economics, one is the calvin cool age, herbert hoover pretty -- grim focus on reducing deficit and cutting spending, the other one is more optimistic message of reagan and focusing on economic growth as a way to prosperity and the way to cutting the deficit. and the argument today, which seems to me being seated to the democratic party is that growth is the optimistic path. can republican party sell deficit cutting. is it a positive message? should they be focusing more on cutting taxes, increasing growth as a we to reduce unemployment? >> i think growth is a koa to the political term. y
. americans have good reason to be concerned. after all, it's their tax dollars used to buy these helicopters from russia to -- for the afghan military. but russia has a particularly bad track record. they've received an abysmal grade of d-minus in the anticorruption index. back in 2011, russia's chief military prosecutor publicly stated 20% of his country's annual military equipment budget is being stolen by corrupt officials and contractors. one independent watchdog believes that figure could be as high as 40%. in short, there are plenty of legitimate reasons about -- and questions about exactly why american tax dollars are going to rosoboron export. on a per-aircraft basis, the u.s. army is paying more than double what the russian military itself is paying to buy nearly identical helicopters. about a year ago, i convinced the pentagon to conduct a formal audit of the army's 2011 no-bid contract. unfortunately, that audit went nowhere due to persistent stonewalling by -- you guessed it -- rows owe bore on export. we still have a lot of questions and rosoboron export still owe us answers whi
and nobody is going to put you out of business. the tax payers are here. you stated last month that may be $1.68 billion we heard in 2009 that the fha was stable and sound and secure from the future. so this creates a lot of the concern with american people. it keeps mounting a part of the government that has accrued an enormous amount of debt. the foreign budget writer and paul ryan said the same thing that the steam is out of control and that will collapse like greece. they have said it in many ways. so i would hope that you would share that concern and accountability back to the american people. i think as you spoke to us and appeared before the committee in february, you said then that you tested the financial health of the fha and that right after that the next day the government accountability office the high risk due to the greater of all morality to fraud, waste, abuse and mismanagement are the need for transformation. how do you respond to that? do you understand the impact that you are having whacks and then you would be considered a high-risk agency to the taxpayer >> i take mauney
want you to know that the administration remains firmly behind the low income housing tax credit as the country begins to discuss tax reform. all of us know how important the tax credits been in increasing the supply of affordable housing. that's why the president and i have championed it time and again, most recently calling on congress to continue to support this tool as part of the presidents housing plan. and i urge you to continue to do the same by letting congress know that not only do we need to keep the tax credit, we need to expand it in order to better address the needs out there and provide more flexibility for the credit. together, all these steps to improve conditions for multifamily lenders, single-family lenders and buyers will go a long way and accelerating our housing market's growth. but we all know that in addition to recovery, we've also got to ensure that a crisis of this magnitude never happens again. all of us in the administration have already been working towards this important goal, and the president is eager to take the next step towards reform. natural
tax relief act of 2012 actually insured and there that the competition and preserving and promoting competition was one of the requirements of the fcc. so i hope they take it to heart and chairwoman clyburn and the new chairperson coming in district, wheeler -- they have a real challenge to create a framework for a competitive policy moving forward. >> host: use of the word hope twice when referencing this. are you skeptical and what makes you think that will happen the way you would like to see it happen? >> guest: well you know we just went through four years of pretty aggressive efforts to ensure that we return the 700 megahertz to interoperability and we are going to work in scituate sleep to make sure -- and i believe the framework we are talking about is critical if you are going to have multiple choices in the marketplace for the consumer. you know it's a tough road to hoe. making sure that we have access to spec them and making sure there is a fair responsible way to get access to the networks that is ip transition, i think commissioner sheep high in his confirmation hearing
received security clearances while they had tax debts which is a vulnerability that got security clearances and the vast majority of those were top-secret security clearances. so our process is obviously broken, not complete and not adequate. until this year opm did not even have the means of barring persons or companies that falsified background checks for clearances or the ig recommended 22 individuals have received no answer and 14 cases and informed the other eight would not be debarred. something is very wrong. it's unlikely that a stricter clearance process would have prevented a deranged individual from committing murder that this event should be a catalyst for congress to try to fix this way if this country handles access to sensitive data. two problems. one is too much stuff that is classified but doesn't need to be classified a number two they're way too many security clearances approved. if you markedly increase the amount of material that doesn't need to be classified you have to increase the number of people that need to have access to it. we need to address both problems. i lo
-- advocates. foundation providing tax for graduating high school students. she is a graduate of virginia state university, and before you say a word, i would like to thank the members of the panel for their patience in the rescheduling of this hearing. we had a chance to meet when it was previously scheduled, i'm glad we had the moments together. so please proceed with your testimony. >> thank you. >> good morning, chairman durbin and honored members of the subcommittee. my name is lucille mac bath. i thank you for the opportunity speak before the great institution today. i was raised in a family steeped in justice and confident in the try triumphant goodness of humanity. my mother was a registered nurse, and my father, who served in the u.s. army dental corp., was also for over 20 years president of the n -- naacp for the state of illinois. he worked actively in the signing of the civil rights act in 1964. in he could see me here today testifying in front of the united states senate, he would be beaming with pride and amazed at how far his daughter had come until he came to understand what br
that don't follow the law paying their taxes and half of them have a top secret clearance. you know, the american people ought to be asking, what in the world is going on. and so my question is, we've now seen outlined who's ultimately responsible for it. that's d.n.i., correct? >> yes, sir. >> and we have the defense department that's making improvements but still has a way to go, and we have failure of contractors and not doing allegedly not doing what they're supposed to do. there's also another i.g. investigation going on along with that. but what's the answer? one of the answers has to be doing the job that we do better, one. number two, the other has to be using data that is available. you know, the form -- where is that form? this form for $20 you can get 90% of the information on the internet. we pay $2,400 for top secret clearance, is that right? that's about what we pay. it's about $2,400. >> tore stop secret, it's a little more than that, it's $4,000. >> for a secret, what do we pay? >> about $262. >> and for $20 you can find out 90% of this stuff online right now. and so
with the tax foundation, the chief economist. thank you. program today. another addition comes at 7:00 tomorrow morning. we will see you then. [captions copyright national cable satellite corp. 2013] >> both chambers of congress are back today. the house gavels in at noon eastern time for general speeches before considering a series of suspension bills dealing with veterans benefits and requested votes will be postponed until 6:30 eastern. the senate is also in today beginning at 2:00 eastern for general speeches until about 4:30 when they will then debate and take a pulmonary vote on the nomination of richard griffin junior for national labor relations board general counsel. you can watch the house live right here on c-span and see the senate live on c-span 2. high-ers will conduct profile hearings including one wednesday with health and human services sucker terry kathleen -- secretary kathleen sebelius. at 9:00erage begins a.m. eastern wednesday on c-span 3. off capitol hill, president obama is at fbi headquarters this afternoon. you will deliver remarks at the installation ceremony of james
security clearance while they had tax bets, which is a as a -- vulnerability, got security clearances, and the vast majority of those were top secret security clearances. our process is obviously broken, not complete, and not adequate. until this year, opm did not have the means of debarring persons or those who falsified background checks for clearances. worse, ipmm's ig recommended 22 individuals received no answers on 14 of the cases formed that the other eight would not be debarred. something is very wrong. it's unlikely that a stricter clearance process would have prevented a deranged individual from committing murder, but this event should be a catalyst for congress to fix the way the country categorizes, handles, and grants access to sensitive data. two problems. one, there's way too much stuff classified that doesn't need to be classified, and number two, there's way too many security clearances approvedded. if you markettedly increase the amount of material that doesn't need to be classified, you have to increase the number of people that need to have access to it. we have to
, transition and the small business tax credit. during his eight years in the clinton white house he helped negotiate the 19 of the 1990s and deficit reduction act. each individual's health insurance program, earned income tax credit, hope scholarship tax credit in the direct student loan program the between the clinton and obama administration he worked at the brookings institution, the center for american progress, and the council on foreign relations working on a range of economics and education issues. he is the co-author of a book on girls education and an author of the pro-growth progressive and economic strategy for shared prosperity. gene graduated from the university of minnesota and yale law school and attended wharton business school. is a native of ann arbor, michigan, and will be joining his them in california at the end of this year. when he finishes his remarks will move over here for two and a. thank you very much. gene? >> well, thank you very much for having us here today. i want to thank jim doyle very much, not just for today but for all the leadership of business forwar
affordable health care as everybody else. a lot of people will qualify for new tax credits under this law that will bring down costs even further. so that if you lose your job or you start a new business or you are self-employed and you are a young person looking at several jobs until you find one that sticks, you can stay insured, insurance that goes with you and gives you freedom, without fear of accidents or illness will derail your dreams. this marketplace is open now. insurance companies are competing for that business. the deal is good. the prices are low. but let's face it, we have had a problem. the web site hasn't worked the way it's supposed to over the last couple of weeks. and as a consequence, people haven't had a chance to see how good the prices for quality, affordable health insurance through these marketplaces really are. ultimately this web site, healthcare.gov will be the easiest way to shop and buy these plans because you can compare prices and see what kind of coverage it provides. but, look, there's no denying it, right now, the web site is too slow, too many people
november. two thirds said raising taxes to cut the deficit was a nonstarter. whiched to obamacare, more voters said they wanted to repeal, the levels of support are striking. if our friends on the other side contradict -- keep obamacare contradicted by the then have to called the mandate for reducing the size of government day superman date -- a super mandate. this would increase the debt and it is so outrageous. from new yorkator will announce a proposal to give the president permanent power to borrow more. the debtto extend ceiling permanently by going around congress. let me repeat that. the schumer-obama plan is a plan to permanently hand the president a credit card without spending limits in without lifting a finger to address the national debt. truly outrageous especially when you consider our debt is now $17 lookion which makes us like a european country. we need to get our debt under control before we move further road towards gree source pain and time is not on our side. he's going to try to sell his proposal and i appreciate the attempt at a pr gimmick here but there are two h
, that's a tax? we didn't call it a tax but that's a tax you got to pay so that more folks have access? is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual, you know, situation because if they are in a group market where they already had group employers sponsored insurance, that's a different situation. if they are in an individual market, what you can say to them now, they'll have access to health care and now have a competitive market. >> if you're paying -- >> time is expired. >> i appreciate you, thank you. >> thank you, all. this discussion about websites that don't work. let's talk about a website that does. on whitehouse.gov right now, if you go to whitehouse.gov, health insurance reality check, headline, you can keep your health insurance if you like it, currently on their website. linda douglas of the white house office of health reform debunks the myth that reform will force you out of your current insurance plan, if you like it, force you to change doctors, period. to the contrary, reform will expand your choi
witnesses and people with security clearances who also have tax problems. here's a look. >> so what is the answer? one of the answers has to be, doing the job that we do better, one. number two, the other has to be using data that is available. you know, the form -- this form, for 20 bucks you can get 90% of the information on the internet. it's in this war. we pay 2400 bucks for a top-secret clearance. is that right? it's about what we pay. it's about $2400. >> for a top-secret, it's more than not. it's a little over 4000. >> 4000. what do we pay? >> about 262. >> for $20 come you can find out 90% of the stuff online right now. and so, the question is maybe we need to step back and say first of all come with guy way too much classified pee-wee to many people after claimants. number two, how we do it is not utilizing data out there today that is readily available. number three is we've had a response from director clapper that they will start coordinating with the irs. most people would say that's kind of the no-brainer. i would be one of the things you want to check. it is in the f
not focused on is that same act, that middle class tax relief act of 2012, actually insured in there that the competition and preserving and promoting competition was one of the requirements of the fcc. so i hope they take it to heart, and, you know, chairwoman clyburn and the new chairperson coming in, many tom wheeler -- mr. tom wheeler, testify a real challenge to create a framework for competitive policies. >> host: you said the word "hope" twice when referencing this. what makes you -- are you skeptical, and what makes you, you know, think that won't happen the way you'd like to see it happen? >> guest: well, you know, we just went through four years of pretty aggressive efforts to insure that we return the 700 megahertz to interoperability, and we're going to work very assiduously to make sure that the 600 is interoperable. and i believe the framework that i'm talking about is critical if you're going to have multiple choices in the marketplace for the consumer. and, you know, we -- it's a tough road to hoe. it's, you know, making sure that we have access to spectrum,
for coverage were lower than expected and millions of americans will also qualify for tax credits to make the coverage even more affordable. we know that consumers are eager to purchase this coverage and to the millions of americans who attempted to use healthcare.gov to shop and enroll in health care coverage i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed and we are working round-the-clock to deliver the shopping experience that. you deserve. we are seeing improvements each week and publicly by the end of november the experience on the site will be smooth for the vast majority of users. >> that part of the testimony from earlier today on c-span3. the hearing does continue live right now on c-span3. reminder you can watch the entire hearing online shortly at c-span.org. >>> the u.s. senate is in session today. lawmakers right now taking their weekly party lunches. they will be back at 2:15 eastern. we'll have live coverage here on c-span2 w
and the lowest two or three tax rates and great infrastructure. we have done all the things we can do to help this to be a great and productive work environment but there are certain things out of our control the dramatically impact jobs in tennessee when i hear all the manufacturers tell us we love being in tennessee and we love the work environment, but if we had this agreement in place, we could produce more jobs. well it's a little frustrating to me as a governor because it is out of my country but it's also critical for me to get involved to land that felice whether it is in washington or anywhere else. but like i said, we've worked hard to set up a work environment in tennessee and we think we have it but there are certain things that are beyond our control at this point. >> im stand everyone on the panel is an enthusiast to this agreement but we want to be clearheaded about some of the competitive costs. if the construction mining business, what do you see as the competitive threat that would come from others that -- imports would be less expensive. what are the competitive to when she
two thirds as raising taxes to cut the deficit was a nonstarter. compared to obamacare which more voters said they wanted to repeal these bubbles that supporters straight game. so if our friends on the other side want to keep trying to climb an electoral mandate for obamacare contradicted by the facts as that may be while using their own logic, we then have to call the mandate reducing the size of government a super mandate a super mandate. that is either new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear the senior senator from new york was to announce a proposal to give the president permanent power to borrow more. another was he wants to extend the debt ceiling permanently but going around congress. let me repeat that. the so-called schumer obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address national debt. truly outrageous. especially when you consider that our debt is now $79 w
. congress of years ago passed a law that enables all judges to divest themselves without adverse tax consequences, which was a law that had been appointed since about 1982 the people coming to the executive branch. it applies to the judiciary, and the number of the justices and judges have done that. they have to roll over their investment in testing into a conflict free account, tax-free transaction. so that excuse which may have motivated some people. i agree 100%. there is a separate problem about what to do about children who are practicing law, and i think the justices have come to understand about that and they have a policy on. i think everybody comfortable because in part there are so many of them that have so many different relatives around that it seems to work tolerably well. >> that seems all too to me but congress also passed another law in 1974 which made it, which illuminated the old rule which was e more to reduce you had to have a substantial financial interest. now it's even one share forces are recusal. that seems to me to be problematic. yes, it would be wonderful
around the we have responded ensuring our tax law is generous to a foreign pension, as it would to a domestic pension, so that is one important area. some of it is all of us working together, because it's not just supply of capital. it's making sure people can figure out ways to create a that isevenue stream what the potential for investors would be interested in. then again, it is not limiting ourselves to and narrow view of infrastructure. just to give you a small example of something that would affect lots of countries, the president has an initiative that would happen. they ensure every school in our country has enough high-speed broadband that every child can sit at your desk within individualized learning device. infrastructure if you , the new andlace exciting thing might be an industry of lower-cost that every student has. has that itdent might be context. very focused for jobs reasons, improving our roads and bridges. we need that, and it is partly an issue of fiscal strategy. it is partly our tax laws. we also keep our eyes on the infrastructure of the 20th century. sm
. -- [laughter] it may be not what they think. but whether it's rubbing red lights, sloppy preparation on tax returns. [laughter] people do things wrong. then the second thing is that government doesn't always target bad guys for who they think are bad guys for exactly the reasons that you might think; right. al cay -- capone. we do a lot of representation of people interviewed by the fbi. we have some reason to think for national security reasons. a lot of times we see what seems to us, at least, to be -- pretext yule. an investigation that has a national security agent on it results in an immigration charge or deportation proceeding or even some charge related to practice of business. the idea if somebody gets in their head the idea you're doing something wrong that can create a real problem. with secret information. or, you know, abuses throughout history. richard nixon or fhfa los angeles there was a public disorder intelligence which compiled a lot of information and used it for political purposes. it's often information that is collected for law enforcement and security purpose often us
Search Results 0 to 49 of about 75 (some duplicates have been removed)